introduction-equity-options

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banner.heading += Welcome!
banner.subheading = We're really glad you're here.
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banner.subheading += By the end of this you should understand how to think about investing using pictures.
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banner.subheading += This should only take a couple of minutes.
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equityChart.visible = false

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heading = Introducing investing in pictures
subheading = Let's think about what an investment in the stock market looks like
equityChart.showSeries = nodes
equityChart.interactive = false
equityChart.nodes = 0,0; 0.00001,0.00001
equityChart.visible = true
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notes = - Assume you have £100 invested in the stock market
equityChart.labelPoints = -1
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notes += - If stock markets rise 10%, it is worth £110
equityChart.nodes = 0,0; 0.1,0.1
equityChart.labelPoints = 0, -1
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notes = - Assume you have £100 invested in the stock market
notes += - If stock markets rise 20%, it is worth £120
equityChart.nodes = 0,0;0.2,0.2
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notes = - Assume you have £100 invested in the stock market
notes += - If stock markets fall 10%, it is worth £90
equityChart.nodes = -0.1,-0.1; 0,0; 0.2,0.2
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notes = - Assume you have £100 invested in the stock market
notes += - If stock markets fall 20%, it is worth £80
equityChart.nodes = -0.2,-0.2; 0,0; 0.2,0.2
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notes = So these pictures show:
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notes += - Left and Right is the change in the stock market
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notes += - Up and Down is what your investment is worth
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equityChart.showSeries = nodes,payoff,index
notes2 = The picture shows that the stock market is represented by a straight, diagonal line
notes2+= You make money if markets rise, but lose money if markets fall
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heading = Still awake? Let's get kinky.
subheading = Turning straight lines into kinked lines
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notes += - What happens if you are scared of losing money and want a safety net?
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notes += - Let's imagine you don't want to lose any of your £100 if the stock market falls
equityChart.labelPoints = 0, 1, 2
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equityChart.nodes = -0.2,0; 0,0; 0.2,0.2
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notes2 = This is a kinked line. This is exactly what Options do
notes2 += Options are investments that create kinked lines
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heading = You can't get something for nothing
subheading = There is no such thing as a free lunch
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notes = - Let's start with the kinked line we created before 
equityChart.nodes = -0.2,0; 0,0; 0.2,0.2
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notes += - This is a safety net: we are better off than an investment in the stock market
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notes += - The green area shows this benefit relative to the investment in the stock market
equityChart.shadeDiffs = index
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notes = 
notes += - But you can't get something for nothing. This safety net will have a cost
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notes += - Let's look at how that line changes if the cost of this safety net is £5
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notes = 
notes += - This moves the kinked line down by £5 to bring it into balance
equityChart.nodes = -0.2,-0.05; 0,-0.05; 0.2,0.15
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notes += - It creates a red area where you are worse off than the investment in the stock market
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notes = 
notes2 = And that is the essence of Options – creating kinked lines where you gain in one area by giving up in another
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equityChart.shadeDiffs =
equityChart.showSeries = nodes
equityChart.nodes = 0,0;0.00001,0.00001
heading = Let's approach it from a different angle
subheading = What do you get from money in a bank account?
equityChart.interactive = false

equityChart.visible = true
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notes = - Let's think about £100 in a bank account that pays 4% interest a year
equityChart.labelPoints = 
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notes += - The stock market moving up or down doesn't affect you
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notes += - If stock markets rise 10% over a year you earn £4 interest
equityChart.nodes = 0,cash;0.1,cash
equityChart.labelPoints = 0, 1
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notes = 
notes = - Let's think about £100 in a bank account that pays 4% interest a year
notes += - The stock market moving up or down doesn't affect you
notes += - If stock markets fall 10% over a year you still earn that interest of £4
equityChart.nodes = -0.1,cash;0,cash; 0.1,cash
equityChart.shadeDiffs = cash
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notes = 
notes2 = Money in a bank account is shown as a straight, flat line
notes2 += This is the ultimate safety net
notes2 += Different bank accounts will earn different amounts of interest. All this does is change the height of the straight, flat line
equityChart.showSeries = nodes,payoff,cash
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subheading = Changing the flat line
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equityChart.showSeries = nodes,payoff, cash
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notes += - But what if you want to earn more than just the interest?
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notes += - The principles are exactly the same
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equityChart.labelPoints = 0, 1, 2
equityChart.nodes = -0.2,-0.1; -0.1,-0.1; 0,0; 0.1,0.1;0.2, 0.2;0.3,0.2
notes += - To earn more than interest in one area, you need to give up something in another area
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notes += - In this example we create a green area where, if markets rise, you make more money than the interest you would receive from a bank account
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notes += - To balance this, we have lowered the safety net, creating a red area
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notes2 = It's as simple as that!
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heading = Summary
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notes2+= Investments can be thought of as pictures. Left to right is the change in the stock market over your chosen period. Up and down is the value of your investment
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notes2+= Stock market investments are a straight, diagonal line - you make money if markets rise and lose money if markets fall
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notes2+= Cash in a bank account is a straight, flat line - where you earn interest whatever the stock market does
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notes2+= Options can be thought of as kinked lines
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notes2+= As with any investment there is "No Free Lunch". This means investors must balance the benefits with costs
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heading = Summary

notes2+= The kinked line shows the outcome at the end of the time period and these trade-offs
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notes2+= The trade-offs can be shown against an investment in the stock market or against cash in a bank account
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notes2+= This means you can know in advance what the outcome will be with complete transparency.  How much money you can make and when, as well as how money you can lose
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equityChart.visible = false
heading = Doris in Action

notes2+= Doris does all the heavy lifting

notes2+= Doris allows you to set your safety net and look at all the kinked lines that are in balance

notes2+= Thanks for your time 

notes2+= Enjoy Doris!


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notes=Risk Warnings
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notes+=-Investing is not without risk. Neither Novum, nor any of the respective directors and officers of the aforementioned, guarantee the performance of any investment product, strategy or fund referenced herein, the repayment of capital, or the payment of income. Past performance is not a reliable indicator of future performance.

notes+=-Carefully consider a strategy's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the relevant governing documents. Request and read the governing documents carefully before investing.

notes+=Not an offer
notes+=-The information in this document does not constitute, or form part of, any offer to sell or issue, or any offer to purchase or subscribe for interests in any co-investment opportunity, syndicate, fund, or company, nor shall this document or any part of it or the fact of its distribution form the basis of or be relied on in connection with any contract. This document does not constitute a recommendation and does not take into account any particular investment objective, financial conditions or needs of potential clients.


notes+=Not advice

notes+=-This document is intended as a general introduction. It does not provide specific investment advice nor does it represent that the services described are suitable for any specific investor. Moreover, the information contained in this document does not provide a basis for making a fully informed investment decision.


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backcover.text = 

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